The late-filing penalty for certain information returns (slips) is the greater of $100 or a penalty determined as follows:
| Number of information returns (slips) |
Penalty (per day) | Maximum penalty (100 days) |
|---|---|---|
| 1 – 5 | N/A | $100 flat penalty |
| 6 – 10 | $5 | $500 |
| 11 – 50 | $10 | $1,000 |
| 51 – 500 | $15 | $1,500 |
| 501 – 2,500 | $25 | $2,500 |
| 2,501 – 10,000 | $50 | $5,000 |
| 10,001 or more | $75 | $7,500 |
The following information returns (slips) are subject to the above penalty structure:
NR4, Statement of Amounts Paid or Credit to Non-Residents of Canada
T4, Statement of Remuneration Paid
T4A, Statement of Pension, Retirement, Annuity, and Other Income
T5, Statement of Investment Income
T5018, Statement of Contract Payments